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the institution, consistent with section 502 of this subtitle, and including--

(A) the categories of persons to whom the information is or may be disclosed, other than
the persons to whom the information may be provided pursuant to section 502(e); and

(B) the policies and practices of the institution with respect to disclosing of nonpublic
personal information of persons who have ceased to be customers of the financial
institution;

(2) the categories of nonpublic personal information that are collected by the
financial institution;
(3) the policies that the institution maintains to protect the confidentiality and
security of nonpublic personal information in accordance with section 501; and

(4) the disclosures required, if any, under section 603(d)(2)(A)(iii) of the Fair
Credit Reporting Act.

SEC. 504. RULEMAKING.

(a) REGULATORY AUTHORITY.
(1) RULEMAKING. The Federal banking agencies, the National Credit Union
Administration, the Secretary of the Treasury, the Securities and Exchange
Commission, and the Federal Trade Commission shall each prescribe, after
consultation as appropriate with representatives of State insurance authorities
designated by the National Association of Insurance Commissioners, such
regulations as may be necessary to carry out the purposes of this subtitle with
respect to the financial institutions subject to their jurisdiction under section 505.

(2) COORDINATION, CONSISTENCY, AND COMPARABILITY. Each of the
agencies and authorities required under paragraph (1) to prescribe regulations shall
consult and coordinate with the other such agencies and authorities for the
purposes of assuring, to the extent possible, that the regulations prescribed by
each such agency and authority are consistent and comparable with the regulations
prescribed by the other such agencies and authorities.
(3) PROCEDURES AND DEADLINE. Such regulations shall be prescribed in
accordance with applicable requirements of title 5, United States Code, and shall
be issued in final form not later than 6 months after the date of the enactment of
this Act.

(b) AUTHORITY TO GRANT EXCEPTIONS. The regulations prescribed under
subsection (a) may include such additional exceptions to subsections (a) through (d) of
section 502 as are deemed consistent with the purposes of this subtitle.

SEC. 505. ENFORCEMENT.
(a) IN GENERAL. This subtitle and the regulations prescribed thereunder shall be
enforced by the Federal functional regulators, the State insurance authorities, and the
Federal Trade Commission with respect to financial institutions and other persons subject
to their jurisdiction under applicable law, as follows:

(1) Under section 8 of the Federal Deposit Insurance Act, in the case of—

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